First Trust Advisors LP Has $772,000 Stake in Albany International Corp. (AIN)

First Trust Advisors LP cut its stake in Albany International Corp. (NYSE:AIN) by 45.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,450 shares of the textile maker’s stock after selling 11,274 shares during the quarter. First Trust Advisors LP’s holdings in Albany International were worth $772,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Albany International by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,580,292 shares of the textile maker’s stock worth $137,788,000 after purchasing an additional 11,228 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Albany International by 10.9% in the 2nd quarter. TD Asset Management Inc. now owns 10,200 shares of the textile maker’s stock worth $545,000 after purchasing an additional 1,000 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Albany International by 65.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,308 shares of the textile maker’s stock worth $550,000 after purchasing an additional 4,059 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Albany International during the 2nd quarter worth about $1,084,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Albany International during the 2nd quarter worth about $334,000. Institutional investors and hedge funds own 90.53% of the company’s stock.

Shares of Albany International Corp. (AIN) opened at $63.50 on Thursday. Albany International Corp. has a 52-week low of $43.45 and a 52-week high of $65.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.76 and a current ratio of 2.49. The company has a market capitalization of $2,039.87, a PE ratio of 40.87 and a beta of 1.72.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.15. Albany International had a return on equity of 9.24% and a net margin of 5.06%. The company had revenue of $222.14 million during the quarter. During the same period in the prior year, the firm posted $0.41 EPS.

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Albany International Profile

Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

Institutional Ownership by Quarter for Albany International (NYSE:AIN)

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